Term Loans;- Advanced to businesses for financing of specific assets. The lending period ranges between six months and five years depending on the needs of the applicant.

Main Features.

• Pre agreed repayment period
  
• Financing of specific assets or projects
  
• Equal monthly repayment instalments
  
• May be denominated in Kenya shillings or other major world currencies such as US Dollars, sterling pounds and Euro.
  

Advantages

• Longer repayment period of up to five years.
  
• Monthly repayments are agreed upfront
  
• Ease of cash flow planning
  
• It enables a business acquire valued assets for business growth and expansion.
  
• The asset financed may act as security